Jordan Starts Tafila Wind

Jordan’s Minister of Energy Hala Zawati has announced the start of work on a new wind farm in Tafila governorate, 180km southwest of Amman, by the Daehan Wind Power consortium of Korea’s Daelim and Korean Southern Power (Kospo). The companies signed up to develop the 49.5MW Daehan project under a build, own, operate contract to supply electricity to state utility Nepco over 20 years. When the preliminary agreement to develop the project was signed in early 2016, Daelim said that the partners were looking to secure finance through the World Bank’s IFC investment unit. The aim was to begin construction in 2017 with a view to first electricity generation in 2019 (MEES, 15 April 2016). Daelim says it reached financial close for the project in September, with funding being provided by IFC and private banks covered by the Korea Trade Insurance Corporation (K-Sure). Plant start-up is now scheduled for March 2020.(CONTINUED - 147 WORDS)